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  • 15-01-20

    Turkish economy sees annual growth in total turnover in November 2019

    (MENAFN) According to Turkey's statistical authority, the Turkish economy saw a yearly raise in total income in November 2019; the Turkish Statistical Institute (TurkStat) said in a statement that, "total turnover index including industry, construction, trade, and services sectors increased by 14.8% on annual basis in November 2019."


    According to official figures, the index saw the biggest change in the trade sector, up 20.1 percent every year; the services also registered an annual increase of 14.9 percent as did industry with 10.1 percent and construction 2.6 percent.


    The seasonally and calendar-adjusted total income index grew by 0.3 percent in November, every month and as said by TurkStat, income is an important short-term indicator used to assess the country's economic condition.


    TurkStat also said that, "turnover Indices are calculated to follow the changes of this concept which is composed of sales of goods and services invoiced by the enterprise in the reference month over time, to monitor the development in quarterly and yearly basis".

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